Balance of Payments Reports

After reaching a record high in the previous year, the Czech economy’s external balance declined slightly in 2025, while continuing to post a surplus. This surplus was supported mainly by still-strong trade in goods, driven by the automotive industry, and by net receipts from EU funds. However, faster import growth, weaker services, and higher dividend outflows reduced the surplus year on year. Despite the external surplus, the Czech Republic’s net international investment position deepened slightly as a result of the koruna’s appreciation. Alongside analyses of the main balance of payments items, the current issue of the Balance of Payments Report also includes two thematic articles. The first focuses on the methodological principles of the financial account of the balance of payments, while the second examines the role of ownership links in the resilience of Czech exporters. Details (pdf, 3 MB).